Hibiscus inks oilfield deal

Hibiscus inks oilfield deal

Hibiscus speeds up drill time

Hibiscus speeds up drill time
This reminds me of the Jabiru oil find story in Timor Sea - during my ANU days... go for it, Malaysia Boleh!

KOPITIAM TALK & INTELLECTUAL DISCOURSE: THE HIBISCUS STORY

HIBISCUS Petroleum's maiden foray into O&G buys in the 3/4 UAE and Oman offshore block concessions in the Persian Gulf.

At the newswire...

24/10 - Suspension of trading pending an announcement.
27/10 - Lifting of suspension, re-trading of the stock saw active trading - with its warrant in Top 5 most active!

Yup, Hibiscus-WA is in the TOP 3 - its a cheaper trading strategy to leverage on the parent stock!

KOPITIAM TALK & INTELLECTUAL DISCOURSE  
(c) ArifinLatif Consulting - 6:59 am, 28 Oct 2011. 
Lets take a quick look at the Technical Picture ~ so here it goes... with two of my charts for your comments, if you wish to....

Take note of the Fibonacci's timing lines and arcs....

(1) PTI at 32% - still has got some upside potential - before profit taking sets in. Stochastics still has momentum.... Wave 3 still in uncharted territory... a target pegged at 81 sen is possible in short/near term!

The bullish, green bar and the engulfing bull signals are very strong!

(2) Bill Williams Profitunity analysis: Bullish, green bar - indicates an increasing volume and increasing MFI - a bias in the direction.... so go with the trend! Except that the close is above the Alligator... and is changing gray, so be cautious a  bit! 

(3) Japanese candlesticks triggered an engulfing bull on the day prior to the suspension request... definitely some news might have leaked (see my earlier blog posting)!
 

On that note I rest my case... and with my kopitiam (and pills) for breakfast! Have a nice and profitable day at Bursa Malaysia! Wassalaaam... oops its Friday today, don't forget the Jumaat solat!

Hibiscus Petroleum buys 35% of Lime Petroleum for US$55mil

Hibiscus Petroleum buys 35% of Lime Petroleum for US$55mil
Not a bad start for a small SPAC in the O&G sector in Oman/UAE... bravo Kenneth & gang! A sweet news on the eve of Deepavali...

Hibiscus Petroleum buys 35% of Lime Petroleum for US$55m

Hibiscus Petroleum buys 35% of Lime Petroleum for US$55m
aha... exposure into 4 blocks in the gulf area, oman included...

Hibiscus in oilfield deal

Hibiscus in oilfield deal
The announcement is still pending (at the time I pen this down...here!) yet StarBiz has ran a story purportedly regarding it??? Why is the announcement still unavailable for the investing public to chew upon???? Read my postings on Oct 21 and earlier on... I have likened this small outfit as an interesting O&G play like the ones I saw during my ANU days - i.e. Offshore Oil NLC...??? Just a hunch when not a proxy to the 'still silent' news!

Bursa Malaysia Market News: Hibiscus Petroleum securities suspended

Bursa Malaysia Market News: Hibiscus Petroleum securities suspended: KUALA LUMPUR: Trading in the securities of Hibiscus Petroleum Bhd was voluntarily suspended from 9am on Monday, Oct 24. A Bursa Malaysia ci...

Stanford Who's Who - Arifin Abdul Latif - Consulting Services - ArifinLatif Consulting

Stanford Who's Who - Arifin Abdul Latif - Consulting Services - ArifinLatif Consulting

Kopitiam Talk & Intellectual Discourse: Can HIBISCUS-WA be a New Cash Cow (for Now?)

(c) ArifinLatif Consulting, 9:29am, Oct 20, 2011

Taman Tun Dr Ismail, Kuala Lumpur.

HIBISCS-WA in TOP 10 most active stocks? Ironically both this warrant and its parent, Hibiscus Petroleum, the first SPAC on Bursa Malaysia has outshone the rest of the 'penny stocks/warrants' for the first time ever! It jumped 7 sen in yesterday's closing, a far cry from its lukewarm reception in late July 2011. Why is this so?

Could it be Hibiscus Petroleum has found its first foray into investment in the oil and gas (O&G) sector? Time to speculate? Read my earlier postings on my blog at ArifinLatif Consulting...

** Technically, its tracing a Wave 3.... in a 1-2-3 Elliot Wave sequence... and looks set to scale new heights in unchartered territory.

Hibiscus-WA looks set to scale new heights in unchartered territory....

Hibiscus Petroleum-WA, trending strongly for the first time ever!
 

** Technically speaking.... formation of the three white candles - even though not as strong as 'three white soldiers' - signals a strong uptrend (by Japanese candlesticks jargon); and the latest bar is labelled as a 'squat' while the closing is above the 'alligator' - these are important indicators, a continuation in the current momentum, in layman's terms so to speak (according to Bill Williams Profitunity analysis).

*** Personally, I saw a marked 'change-in-trend' (CIT) timing signal which occurred on 10/10/2011... 55 days after the listing ~ shades of a Fibonacci sequence unfolding itself.... i.e. a strong 'change-in-trend' begins... with the price escaping out of the zig zag channel ever since its listing. 

More importantly, this is happening at a time when the global stock markets are facing an uncertain future, at least in the short to medium term.... if not signalling the beginning of the fall of Wall Street! 

I have a gut feeling - in these turbulent times - small stocks/warrants are going to offer some relieve to Malaysian punters! 

So, Hibiscus... kembanglah dikau seperti Bunga Raya ~ bunga kebangsaan kita di kala kemuraman ini! InsyaAllah Malaysia Boleh! (dan...Bunga Raya/Hibiscus Boleh!).

55 days after the listing ~ what's in store? Shades of a Fibonacci sequence unfolding itself....???